Mayer Hoffman Hangs On To $1.4M Noncompete Win

Law360, New York (August 11, 2010, 7:38 PM EDT) -- The U.S. Court of Appeals for the Eighth Circuit on Wednesday upheld a nearly $1.4 million judgment in favor of accounting firm Mayer Hoffman McCann PC in a suit accusing four former shareholders of breaching contracts by poaching 124 clients.

The contracts between the firm and the ex-employees were valid, since a “stockholder’s agreement between a professional corporation and a shareholder falls within the class of contracts wherein restrictive covenants are appropriate,” the Eighth Circuit ruled.

Additionally, the amount of liquidated damages — Mayer Hoffman's gross...
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